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vsa with Malcolm

  • #33,901
  • Aug 29, 2021 12:08pm Aug 29, 2021 12:08pm
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my take on this
1. Wide spread up on high volume, the next bar is fairly high volume spread not as wide.
2. This is confirmed by the upthrust
3. This bar for me is an entry sell bar, price has comeback to an area of supply on lower volume, they've failed to push through, you've got confirmation.

I hope this helps
  • #33,902
  • Aug 30, 2021 1:28am Aug 30, 2021 1:28am
Quoting trezo
{quote} They took my SL, and went down {image}
i suggest you to read wyckoff books as well. as VSA is a simplified version of that and to my mind missing several important things. in this example, you have shortening of the thrust (SOT) and usually, you dont want to buy into that. And i suggest you to use multiple TF. trading on 1min without confluence on other TF is very risky.
The more you learn the more you earn
  • #33,903
  • Aug 30, 2021 5:37am Aug 30, 2021 5:37am
Quoting trezo
{quote} They took my SL, and went down {image}
The whole forex is about Stop Run, it is the name of the game.
  • #33,904
  • Aug 30, 2021 6:03am Aug 30, 2021 6:03am
Just triggered into this trade.

Confluence of VZA levels, and what looks like the backup of a distribution.
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  • #33,905
  • Aug 30, 2021 6:58am Aug 30, 2021 6:58am
Quoting Paulscaff1
Just triggered into this trade. Confluence of VZA levels, and what looks like the backup of a distribution. {image}
You sold into a test.

Five bars back from your ND, there is a low volume test with very positive reaction to it. The bar that brought you into the trade is a down bar decreasing in volume that looks like it stalled at the close of the test. It looks like your trade is still holding, but at this point you're just hoping that price can break through 8852.

Follow your trading plan and don't let me influence you. Personally I wouldn't want to be short because of the test.. But I also wouldn't want to be long becase of the widespread down bar two bars back from your ND. Kinda the reason why I like trading off HVC, it takes a lot of this out of the picture.
  • #33,906
  • Edited 7:30am Aug 30, 2021 7:10am | Edited 7:30am
Quoting Anotan
{quote} You sold into a test. 5 bars back from your ND, there is a low volume test with very positive reaction to it. The bar that brought you into the trade is a down bar decreasing in volume that looks like it stalled at the close of the test. It looks like your trade is still holding, but at this point you're just hoping that price can break through 8852. Follow your trading plan and don't let me influence you. Personally I wouldn't want to be short because of the test.. But I also wouldn't want to be long becase of the widespread down bar two...
Thanks for pointing that out, I completely overlooked that test. Again same mistake as before, my eyes are too focused on the levels.

To be honest im still in the process of developing a trade plan/set of rules to go by. Just alot of trial and error to be honest, but ive had a lot of good feedback from you guys so hopefully I wont repeat my mistakes.

Update: Made it to 1R, 50% of the position closed so its risk free now.
  • #33,907
  • Aug 30, 2021 7:46am Aug 30, 2021 7:46am
Quoting Paulscaff1
Just triggered into this trade. Confluence of VZA levels, and what looks like the backup of a distribution. {image}
i will add to Anotan's comment. we are in a downtrend, remember trend is your friend! there have to be some signs for change of trend if you want to catch a turning point- EvR, wave change, big vol, etc. here its nothing from that. we have LH and LL and the down bars are bigger than up bars and the down waves are bigger than up waves, so selling pressure is higher for now. only on smaller TF we see some minor sos, but that still counts as a high-risk trade.
I suggest you to read or watch David Weis material.
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The more you learn the more you earn
  • #33,908
  • Aug 30, 2021 8:21am Aug 30, 2021 8:21am
Quoting freemind
{quote} i will add to Anotan's comment. we are in a downtrend, remember trend is your friend! there have to be some signs for change of trend if you want to catch a turning point- EvR, wave change, big vol, etc. here its nothing from that. we have LH and LL and the down bars are bigger than up bars and the down waves are bigger than up waves, so selling pressure is higher for now. only on smaller TF we see some minor sos, but that still counts as a high-risk trade. I suggest you to read or watch David Weis material. {image}
It was a short I took mate.
  • #33,909
  • Aug 30, 2021 8:24am Aug 30, 2021 8:24am
Quoting Paulscaff1
{quote} It was a short I took mate.
oughh, sorry, then i think you should be good. you can swing it until a change of behaviour appears.
The more you learn the more you earn
  • #33,910
  • Aug 30, 2021 8:32am Aug 30, 2021 8:32am
Quoting freemind
{quote} oughh, sorry, then i think you should be good. you can swing it until a change of behaviour appears.
no probs mate, but yeah I see where your coming from.
  • #33,911
  • Aug 30, 2021 9:00am Aug 30, 2021 9:00am
Quoting freemind
{quote} i suggest you to read wyckoff books as well. as VSA is a simplified version of that and to my mind missing several important things. in this example, you have shortening of the thrust (SOT) and usually, you dont want to buy into that. And i suggest you to use multiple TF. trading on 1min without confluence on other TF is very risky.
Thanks for your opinion. Then can you give here some wyckoff books in pdf?
Daytrader
  • #33,912
  • Aug 30, 2021 9:27am Aug 30, 2021 9:27am
Quoting Paulscaff1
Just triggered into this trade. Confluence of VZA levels, and what looks like the backup of a distribution. {image}
I did not take that trade, but I would (should) be there with you.

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I would not call the Test a "polar bar in Hawaii", but price is in a Supply/Demand Delta Zone so I would want to see the Test fail. In this case, it does not fail, but we do get No Result from a Test 2 intervals later.

No result from a test: the test is good, with the next interval UP. 1-4 bars later, we see a wide spread DOWN bar that closes below the low of the test (preferably) or at least below the close of the test. This negates any strength seen on the original Test and tells us the market is actually weak.

Looks like some strength is coming in now, but I certainly see why you went short.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #33,913
  • Aug 30, 2021 9:30am Aug 30, 2021 9:30am
My positions from today. I think these were very good so I can share and be proud

I marked on chart important candles which i was watching.

First I saw a little UT, then a big red candle with big effort = good result - SUPPLY.
Then I saw a failed ND, but I was trying to short that. That was my first position. Then I saw a next
red candle but with wick from down. Next NS confirmed UP BAR, and second position LONG.
Next LONG I took after I noticed a NS, and I was waiting to price break up a RESISTANCE.
My next task was to move STOP LOSSES up. I was moving it with VSA signals, but later price get strength
and was moving faster so I was moving SL under the bars.

That's all from me
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Daytrader
  • #33,914
  • Aug 30, 2021 2:47pm Aug 30, 2021 2:47pm
Creating a channel on a telegram is a good idea? Will someone consider it an advertisement and I will get banned?
Daytrader
  • #33,915
  • Aug 30, 2021 3:02pm Aug 30, 2021 3:02pm
Quoting trezo
Creating a channel on a telegram is a good idea? Will someone consider it an advertisement and I will get banned?
Apparently there was a chat in this thread years ago that fell off. I will jump into a new chat if you create one though. Discord is also a good alternative as well
  • #33,916
  • Aug 30, 2021 3:09pm Aug 30, 2021 3:09pm
Quoting Macallik
{quote} Apparently there was a chat in this thread years ago that fell off. I will jump into a new chat if you create one though. Discord is also a good alternative as well
Okey, I think Telegram will be better for chatting, because it is simple like Messenger.

So, I created a group. You can join and enjoy chatting with other

Here is a link:
https://t.me/joinchat/6CtkBi7p0rRkMDU0
Daytrader
  • #33,917
  • Aug 30, 2021 4:54pm Aug 30, 2021 4:54pm
Quoting cuchuflito
{quote} The whole forex is about Stop Run, it is the name of the game.
No it’s not, the amount of liquidity within a stop loss is mostly very little. The journey to the stop loss is where the money is made.
Data proves stop losses are mainly full of gaps, just the odd stop loss under a daily low or high may be worth it but it’s rare.
They make there money by running against smaller traders for hours and hours.
Trading thin liquidity at the boundary of the charts
  • #33,918
  • Aug 31, 2021 3:02am Aug 31, 2021 3:02am
Today's transactions.

All important candles marked on chart.

1st position - LONG - I took this because there was a demand bars next, NS and I entry long after confirmed with UPBAR.

2st position LONG - I took this because there was a two pretty wide spread down bars but with wicks. I noticed NS confirmed with UPBAR and LONG.
They made a few narrow spread upbars with wicks, but without falling volume.

3st position SHORT - I noticed about a few upbars with wicks, so I thought it is WEAK. I was waiting, then I saw ND confirmed with DOWNBAR, took short, and result was the same - STOP LOSS.

4st position LONG - Last position where we see demand bar wide spread upbar, then UT which i didn't notice, and entry in short again in NS confirmed with UPBAR.

I think these charts from CFD are deceitful.

This chart is DAX 1M.
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Daytrader
  • #33,919
  • Aug 31, 2021 3:15am Aug 31, 2021 3:15am
Quoting trezo
My positions from today. I think these were very good so I can share and be proud I marked on chart important candles which i was watching. First I saw a little UT, then a big red candle with big effort = good result - SUPPLY. Then I saw a failed ND, but I was trying to short that. That was my first position. Then I saw a next red candle but with wick from down. Next NS confirmed UP BAR, and second position LONG. Next LONG I took after I noticed a NS, and I was waiting to price break up a RESISTANCE. My next task was to move STOP LOSSES up....
You did a great job on this trade.

There was climatic volume at the base of the move, 16:30 I think. Its an up bar with spread that looks to be wider than average, but with how far and how fast price pushed up its clear its absorption volume and price was bullish.

The NS you marked off was in the perfect place, there is an up thrust at 16:35 that you marked as supply. The NS was testing that up thrust and with no sellers around price was able to rally.

There wasn't any reason to short this, but you quickly saw that you were wrong with price pushing above the NS and you got out.
  • #33,920
  • Aug 31, 2021 3:31am Aug 31, 2021 3:31am
Quoting trezo
Today's transactions. All important candles marked on chart. 1st position - LONG - I took this because there was a demand bars next, NS and I entry long after confirmed with UPBAR. 2st position LONG - I took this because there was a two pretty wide spread down bars but with wicks. I noticed NS confirmed with UPBAR and LONG. They made a few narrow spread upbars with wicks, but without falling volume. 3st position SHORT - I noticed about a few upbars with wicks, so I thought it is WEAK. I was waiting, then I saw ND confirmed with DOWNBAR, took short,...
First of all.. I want you to talk to me about the bar I marked off in red.

Second of all, using tight stop losses works well in VSA... but if you're going to take trades like a machine gun then you're going to experience what death by a thousand cuts feels like. Trading like this you may as well use a big stop loss, it would be cheaper. Using a tight stop loss, you have to pick your trades carefully and if your trade fails you need to sit back and figure out what went wrong.

If I take a trade and it gets stopped out, then I'm done with that setup. I come back the next day after the setup has played itself out and figure out what I did wrong and what I could've done better.
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